Quick Overview

• U.S. Jobless claims were up 42,000 last week to 367,000.
  

• The Conference Board's U.S. index of leading indicators was down 0.1% in April to 138.9.
  

• The Philadelphia Federal Reserve's regional index of business activity increased from 13.2 to 14.4 in May, stronger than expected.
  

• Fed Chairman Bernanke and Fed Bank of Chicago’s Moskow reiterated their concern about a slump in the housing market in speeches today. Real estate has accounted for more than half the economy's growth since 2001.
  

• YoY Canada's consumer price index was up 2.4% in April.
  

• Retail sales in the U.K. were up 0.6% in April and up 4.9% YoY.
  
  

• The DoE said that underground supplies of natural gas were up 91 billion cubic feet last week to 2.080 trillion cubic feet, up 31% YoY.